Infrastructure Output Of Core Sectors Rises 16.8% In May

May Infrastructure Output: The output of core sectors grew by 16.8 per cent

Infrastructure Output in May 2021: The output of eight core infrastructure sectors rose to 16.8 per cent in May 2021, compared to last year, according to government data on Wednesday, June 30. The infrastructure output, which comprises eight core sectors such as electricity, coal, crude oil, among others, recorded a growth of 35.8 per cent (provisional) during April-March 2020-2021, compared to the corresponding period of the financial year. The combined index of the eight core industries stood at 125.8 in May 2021, according to provisional data released by the Ministry of Commerce and Industry today.

The growth in the infrastructure output in May was mostly led by the steel sector, followed by the natural gas and petroleum refinery product sectors. The eight core industries comprise 40.27 per cent of the total weight of items included in the industrial output or the Index of Industrial Production (IIP). 

The production of steel, natural gas, and petroleum refinery products sectors increased by 59.3 per cent, 20.1 per cent, and 15.3 per cent respectively. The production of coal, cement, and electricity sectors also registered growth in May, compared to the corresponding period last year. Crude oil and ferilizers were the only two sectors that registered a de-growth in production at 6.3 per cent and 9.6 per cent, respectively according to Commerce Ministry data.

Also Read: Infrastructure Output Of Core Sectors Rises 6.8% In March 2021